Successful business people recognise they can’t grow a business on their own – they have a high degree of self-awareness as to what they can and can’t do. Founders who build value in their company surround themselves with individuals who plug the capability gap. Be aware of your strengths and weaknesses – high growth entrepreneurs have laser guided focus on applying their skills to where they add greatest value. Deviating from our core strengths or taking on tasks we are not skilled to fulfill will inevitably result in inertia and chaos.
Very often entrepreneurs try to go it alone, ego and poor personal insight being main contributors to getting it wrong. The resultant effect is a feeling of being swamped, bad decision making, poor (no) team ethos. The hamster wheel effect kicks in ending in “I feel as though I am caught in a rut”. This overwhelming sense of not being able to cope produces stressful working conditions and loss of competitive advantage. Winning people avoid these situations by identifying others who can help. Don’t be afraid to ask for support, shouting for help is not a sign of weakness, don’t let pride stand in the way of getting things done. Great entrepreneurs build highly effective teams.
Your team is there to support, assist and guide in achieving the mission . The majority of successful business founders will openly state that without the inputs of those around them the vision would never have been realised. By nurturing a talented team workloads become lighter, more gets done and the pressures become less intense. By letting go we get so much more done.
Be open and honest about your knowledge and skills gap, do away with personal pride and be sure to embrace the value of trusted colleagues. Delegation of tasks to those we know will do it better is a liberating feeling. If you are looking for an exit then you have to make yourself redundant – you can only achieve this by having a great team!